Axie Infinity Price Stats
Market Cap: $4,285,681,269
Circulating Supply: 60,907,500 AXS
Supply Cap: 270,000,000 AXS
All Time High:$164.90 -57.4% Nov 06, 2021
All Time Low: $0.123718 56733.5% Nov 06, 2020
Brief Description of Axie Infinty
Axie Infinity is an non-fungible token-based online video game developed by Vietnamese studio Sky Mavis, known for its in-game economy which uses Ethereum-based cryptocurrencies. Players of Axie Infinity collect and mint NFTs which represent axolotl-inspired digital pets known as Axies. AXS started trading in November 2020, but Axie Infinity was founded in March 2018.
AXS Ranking on CoinMarketCap is #40 While its Ranking on Coingecko is #26
It can Be Purchased on the following platforms like: Binance, Huobi Global, Coinbase, FTX, Bithumb, KuCoin, Gate.io and Kraken.
The Team Behind Axie Infinity
Axie Infinity, born in 2018, is the brainchild of Sky Mavis, a tech-centric game developer whose core team is predominantly based in Vietnam. This innovative venture was co-founded by Trung Nguyen and Aleksander Larsen. Leading the pack as the CEO is Trung Nguyen, a graduate in computer software engineering who previously lent his talents as a software engineer at Anduin Transactions. On the other side of the spectrum, Aleksander Larsen, a former competitive gamer, dons the cap of co-founder and COO, bringing his extensive experience in blockchain gaming since 2017. His diverse background includes serving as the executive security officer for the Norwegian Government Security Organization and currently holding the position of Secretary of the Board of Directors at the Blockchain Game Alliance.
Advantages of Axie Infinity
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NFT-Based Axies: Axies in Axie Infinity are non-fungible tokens (NFTs), offering ownership and unique value to players in the form of digital assets.
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Lucrative Opportunities: The NFT ecosystem within Axie Infinity allows users to earn money by creating, selling, and trading digital assets, making it a potential source of income.
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Cross-Device Compatibility: Enjoy the game from virtually any device, providing flexibility and accessibility to players.
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Customizable Gameplay: Axie Infinity offers a personalized gaming experience with customizable game elements and equipment, allowing players to tailor their strategies and styles to their liking.
Disadvantges of Axie Infinity
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High Entry Costs: Stepping into Axie Infinity can be quite expensive due to the initial investment required to purchase Axies, which are essential for gameplay.
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Tedious Adventure Mode: Some players find the Adventure Mode in Axie Infinity to be somewhat tedious or monotonous, possibly due to repetitive tasks or challenges.
Use Cases of Axie Infinity
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Governance: Using AXS tokens, the Axie Infinity community can vote on decisions that relate to the Axie Infinity revenue.
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Staking: In addition to earning AXS through playing games, AXS holders can stake their coins to earn more AXS passively.
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Breeding: To breed Axies, you’ll need 1 AXS token and some SLP tokens
Summary
Axie Infinity is a game about collecting and raising fantasy creatures called Axie, on the Ethereum platform. Besides collecting and raising, you can make a team of Axies to battle in the arena. You can also buy, sell, and trade Axies with others on the marketplace.
